v3.26.1
GOODWILL AND INTANGIBLE ASSETS (Tables)
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Schedule of Goodwill
Changes in the amount of the carrying value of goodwill are as follows:
(in thousands)
Balance - January 1, 2026
$32,359 
Impact of foreign currency translation adjustments(394)
Balance – June 30, 2026
$31,965 
Goodwill was comprised of the following:
(in thousands)June 30,
2026		December 31,
2025
Electronic Test$13,568 $13,957 
Environmental Technologies1,817 1,817 
Process Technologies16,580 16,585 
Total goodwill$31,965 $32,359 
Schedule of Indefinite-Lived Intangible Assets
Changes in the amount of the carrying value of our intangible assets were as follows:
(in thousands)Finite-LivedIndefinite-Lived
Balance - January 1, 2026
$14,372 $10,504 
Impact of foreign currency translation adjustments(320)(96)
Amortization(1,477)— 
Balance – June 30, 2026
$12,575 $10,408 
The following tables provide further detail about our intangible assets:
June 30, 2026
(in thousands)Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount
Finite-lived intangible assets:
Customer relationships$24,863 $14,827 $10,036 
Technology6,147 3,608 2,539 
Patents590 590 — 
Software270 270 — 
Trade name140 140 — 
Total finite-lived intangible assets32,010 19,435 12,575 
Indefinite-lived intangible assets:
Trademarks10,408 — 10,408 
Total intangible assets$42,418 $19,435 $22,983 
December 31, 2025
(in thousands)Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount
Finite-lived intangible assets:
Customer relationships$25,192 $13,857 $11,335 
Technology6,279 3,242 3,037 
Patents590 590 — 
Software270 270 — 
Trade name140 140 — 
Total finite-lived intangible assets32,471 18,099 14,372 
Indefinite-lived intangible assets:
Trademarks10,504 — 10,504 
Total intangible assets$42,975 $18,099 $24,876 
Schedule of Finite-Lived Intangible Assets
Changes in the amount of the carrying value of our intangible assets were as follows:
(in thousands)Finite-LivedIndefinite-Lived
Balance - January 1, 2026
$14,372 $10,504 
Impact of foreign currency translation adjustments(320)(96)
Amortization(1,477)— 
Balance – June 30, 2026
$12,575 $10,408 
The following tables provide further detail about our intangible assets:
June 30, 2026
(in thousands)Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount
Finite-lived intangible assets:
Customer relationships$24,863 $14,827 $10,036 
Technology6,147 3,608 2,539 
Patents590 590 — 
Software270 270 — 
Trade name140 140 — 
Total finite-lived intangible assets32,010 19,435 12,575 
Indefinite-lived intangible assets:
Trademarks10,408 — 10,408 
Total intangible assets$42,418 $19,435 $22,983 
December 31, 2025
(in thousands)Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount
Finite-lived intangible assets:
Customer relationships$25,192 $13,857 $11,335 
Technology6,279 3,242 3,037 
Patents590 590 — 
Software270 270 — 
Trade name140 140 — 
Total finite-lived intangible assets32,471 18,099 14,372 
Indefinite-lived intangible assets:
Trademarks10,504 — 10,504 
Total intangible assets$42,975 $18,099 $24,876 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
The following table sets forth the estimated annual amortization expense for each of the next five years and thereafter:
(in thousands)
Remaining 2026$1,084 
20271,999 
20281,651 
20291,326 
20301,218 
Thereafter5,297 
Total estimated amortization of finite-lived intangible assets$12,575